401k Limit 2024 Catch Up. 2024 401k catch up limit. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.